rapid vehicle management limited
rapid vehicle management limited Company Information
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
98 liverpool road, formby, liverpool, L37 6BS
Website
www.rapidvm.co.ukrapid vehicle management limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID VEHICLE MANAGEMENT LIMITED at £1.3m based on a Turnover of £2.6m and 0.51x industry multiple (adjusted for size and gross margin).
rapid vehicle management limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID VEHICLE MANAGEMENT LIMITED at £0 based on an EBITDA of £-66.2k and a 3.72x industry multiple (adjusted for size and gross margin).
rapid vehicle management limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID VEHICLE MANAGEMENT LIMITED at £0 based on Net Assets of £-3.4m and 2.13x industry multiple (adjusted for liquidity).
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Rapid Vehicle Management Limited Overview
Rapid Vehicle Management Limited is a live company located in liverpool, L37 6BS with a Companies House number of 05714220. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2006, it's largest shareholder is pine hill holdings ltd with a 100% stake. Rapid Vehicle Management Limited is a established, small sized company, Pomanda has estimated its turnover at £2.6m with high growth in recent years.
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Rapid Vehicle Management Limited Health Check
Pomanda's financial health check has awarded Rapid Vehicle Management Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £2.6m, make it smaller than the average company (£4.8m)
£2.6m - Rapid Vehicle Management Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (6.6%)
15% - Rapid Vehicle Management Limited
6.6% - Industry AVG
Production
with a gross margin of 28.6%, this company has a higher cost of product (38.3%)
28.6% - Rapid Vehicle Management Limited
38.3% - Industry AVG
Profitability
an operating margin of -36.9% make it less profitable than the average company (5.7%)
-36.9% - Rapid Vehicle Management Limited
5.7% - Industry AVG
Employees
with 14 employees, this is below the industry average (27)
14 - Rapid Vehicle Management Limited
27 - Industry AVG
Pay Structure
on an average salary of £35.6k, the company has a lower pay structure (£54k)
£35.6k - Rapid Vehicle Management Limited
£54k - Industry AVG
Efficiency
resulting in sales per employee of £187.4k, this is equally as efficient (£171.4k)
£187.4k - Rapid Vehicle Management Limited
£171.4k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is later than average (42 days)
60 days - Rapid Vehicle Management Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (32 days)
81 days - Rapid Vehicle Management Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Rapid Vehicle Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (22 weeks)
5 weeks - Rapid Vehicle Management Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 138.9%, this is a higher level of debt than the average (62.5%)
138.9% - Rapid Vehicle Management Limited
62.5% - Industry AVG
RAPID VEHICLE MANAGEMENT LIMITED financials
Rapid Vehicle Management Limited's latest turnover from December 2023 is £2.6 million and the company has net assets of -£3.4 million. According to their latest financial statements, Rapid Vehicle Management Limited has 14 employees and maintains cash reserves of £324.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,623,000 | 1,056,048 | 894,132 | 1,712,821 | 2,799,849 | ||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 1,874,109 | 1,128,725 | 948,206 | 1,013,796 | 1,052,430 | ||||||||||
| Gross Profit | 748,891 | -72,677 | -54,074 | 699,025 | 1,747,419 | ||||||||||
| Admin Expenses | 1,717,534 | 607,270 | 848,959 | 1,423,700 | 1,420,705 | ||||||||||
| Operating Profit | -968,643 | -679,947 | -903,033 | -724,675 | 326,714 | ||||||||||
| Interest Payable | 511,933 | 94,016 | 66,959 | 75,061 | 73,451 | ||||||||||
| Interest Receivable | 812 | ||||||||||||||
| Pre-Tax Profit | -1,480,576 | -773,963 | -969,180 | -799,736 | 253,263 | ||||||||||
| Tax | -23,824 | -22,899 | -6,942 | 25,778 | -46,584 | ||||||||||
| Profit After Tax | -1,504,400 | -796,862 | -976,122 | -773,958 | 206,679 | ||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -1,504,400 | -796,862 | -976,122 | -773,958 | 206,679 | ||||||||||
| Employee Costs | 498,163 | 282,366 | 471,047 | 659,628 | 691,353 | ||||||||||
| Number Of Employees | 14 | 11 | 18 | 24 | 26 | 20 | 17 | 12 | |||||||
| EBITDA* | -66,232 | -576,888 | -845,205 | -465,364 | 525,144 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,599,231 | 2,063,108 | 353,088 | 508,053 | 1,245,591 | 372,123 | 324,599 | 257,472 | 290,377 | 353,017 | 695,553 | 864,525 | 657,808 | 454,074 | 331,636 |
| Intangible Assets | 30,750 | ||||||||||||||
| Investments & Other | 2,910 | 100 | 100 | 100 | 200 | 200 | |||||||||
| Debtors (Due After 1 year) | 22,450 | 29,392 | |||||||||||||
| Total Fixed Assets | 7,629,981 | 2,063,108 | 330,638 | 478,661 | 1,248,501 | 372,123 | 324,599 | 257,472 | 290,477 | 353,117 | 695,653 | 864,725 | 658,008 | 454,074 | 331,636 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 438,113 | 642,622 | 1,398,426 | 2,239,618 | 2,539,976 | 2,431,410 | 1,898,736 | 1,336,304 | 1,123,822 | 1,298,753 | 1,242,515 | 1,129,914 | 940,330 | 523,230 | 689,894 |
| Group Debtors | 2,520 | 2,520 | 2,247 | 14,978 | 8,800 | 339,039 | 179,494 | ||||||||
| Misc Debtors | 416,030 | 213,735 | 169,303 | 186,325 | 346,057 | 280,847 | 364,872 | 133,753 | |||||||
| Cash | 324,142 | 156,357 | 151,526 | 192,088 | 23,222 | 18,273 | 115,884 | 97,946 | 81,968 | 90,329 | 65,266 | 36,373 | 5,192 | 61,395 | 11,684 |
| misc current assets | |||||||||||||||
| total current assets | 1,180,805 | 1,015,234 | 1,719,255 | 2,620,278 | 2,909,255 | 2,746,113 | 2,310,445 | 1,799,122 | 1,348,343 | 1,389,082 | 1,307,781 | 1,166,287 | 1,284,561 | 764,119 | 701,578 |
| total assets | 8,810,786 | 3,078,342 | 2,049,893 | 3,098,939 | 4,157,756 | 3,118,236 | 2,635,044 | 2,056,594 | 1,638,820 | 1,742,199 | 2,003,434 | 2,031,012 | 1,942,569 | 1,218,193 | 1,033,214 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 416,420 | 205,542 | 103,306 | 286,818 | 142,739 | 89,811 | 265,613 | 87,145 | 215,609 | 1,263,798 | 1,200,743 | 1,128,164 | 700,015 | 308,876 | 950,235 |
| Group/Directors Accounts | 2,345,577 | 2,650,740 | 1,052,448 | 1,054,888 | 813,110 | 67,650 | 834,629 | 764,210 | |||||||
| other short term finances | 1,244,203 | ||||||||||||||
| hp & lease commitments | 26,570 | 125,500 | 209,932 | 244,670 | 120,379 | 97,375 | 99,173 | ||||||||
| other current liabilities | 180,277 | 162,170 | 2,923,400 | 2,516,161 | 811,157 | 616,053 | 523,251 | 862,352 | |||||||
| total current liabilities | 2,942,274 | 3,045,022 | 3,152,206 | 3,012,911 | 2,251,014 | 2,102,101 | 2,056,933 | 1,520,881 | 1,244,784 | 1,263,798 | 1,200,743 | 1,128,164 | 1,534,644 | 1,073,086 | 950,235 |
| loans | 9,274,384 | 1,958,616 | 53,140 | 477,578 | 898,420 | ||||||||||
| hp & lease commitments | 26,570 | 238,789 | 387,125 | 119,321 | 86,647 | 67,583 | |||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 204,787 | 438,410 | 660,308 | 810,097 | 176,437 | 90,299 | 125,195 | ||||||||
| provisions | 24,273 | 449 | |||||||||||||
| total long term liabilities | 9,298,657 | 1,959,065 | 26,570 | 238,789 | 1,285,545 | 601,617 | 119,321 | 86,647 | 272,370 | 438,410 | 660,308 | 810,097 | 176,437 | 90,299 | 125,195 |
| total liabilities | 12,240,931 | 5,004,087 | 3,178,776 | 3,251,700 | 3,536,559 | 2,703,718 | 2,176,254 | 1,607,528 | 1,517,154 | 1,702,208 | 1,861,051 | 1,938,261 | 1,711,081 | 1,163,385 | 1,075,430 |
| net assets | -3,430,145 | -1,925,745 | -1,128,883 | -152,761 | 621,197 | 414,518 | 458,790 | 449,066 | 121,666 | 39,991 | 142,383 | 92,751 | 231,488 | 54,808 | -42,216 |
| total shareholders funds | -3,430,145 | -1,925,745 | -1,128,883 | -152,761 | 621,197 | 414,518 | 458,790 | 449,066 | 121,666 | 39,991 | 142,383 | 92,751 | 231,488 | 54,808 | -42,216 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -968,643 | -679,947 | -903,033 | -724,675 | 326,714 | ||||||||||
| Depreciation | 902,411 | 103,059 | 57,828 | 259,311 | 198,430 | 111,702 | 126,553 | 115,915 | 154,449 | 227,903 | 268,031 | 290,821 | 225,551 | 234,299 | 146,307 |
| Amortisation | |||||||||||||||
| Tax | -23,824 | -22,899 | -6,942 | 25,778 | -46,584 | ||||||||||
| Stock | |||||||||||||||
| Debtors | -2,214 | -731,302 | -867,403 | -428,451 | 454,623 | 236,849 | 493,385 | 434,801 | -32,378 | 56,238 | 112,601 | -149,455 | 576,645 | 12,830 | 689,894 |
| Creditors | 210,878 | 102,236 | -183,512 | 144,079 | 52,928 | -175,802 | 178,468 | -128,464 | -1,048,189 | 63,055 | 72,579 | 428,149 | 391,139 | -641,359 | 950,235 |
| Accruals and Deferred Income | 18,107 | -2,761,230 | 407,239 | 1,705,004 | 811,157 | -616,053 | 92,802 | -339,101 | 862,352 | ||||||
| Deferred Taxes & Provisions | 23,824 | 449 | |||||||||||||
| Cash flow from operations | 164,967 | -2,527,030 | 238,983 | 1,837,948 | 888,022 | ||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -2,910 | 2,910 | -100 | -100 | 200 | ||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -305,163 | 2,650,740 | -1,052,448 | 1,052,448 | -1,054,888 | 241,778 | 745,460 | 67,650 | -834,629 | 70,419 | 764,210 | ||||
| Other Short Term Loans | -1,244,203 | 1,244,203 | |||||||||||||
| Long term loans | 7,315,768 | 1,905,476 | -424,438 | -420,842 | 898,420 | ||||||||||
| Hire Purchase and Lease Commitments | -26,570 | -125,500 | -296,651 | -183,074 | 631,795 | -239,700 | 55,678 | 17,266 | 166,756 | ||||||
| other long term liabilities | -204,787 | -233,623 | -221,898 | -149,789 | 633,660 | 86,138 | -34,896 | 125,195 | |||||||
| share issue | |||||||||||||||
| interest | -511,933 | -94,016 | -66,147 | -75,061 | -73,451 | ||||||||||
| cash flow from financing | 6,472,102 | 4,336,700 | -787,236 | -1,731,425 | 1,265,009 | ||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 167,785 | 4,831 | -40,562 | 168,866 | 4,949 | -97,611 | 17,938 | 15,978 | -8,361 | 25,063 | 28,893 | 31,181 | -56,203 | 49,711 | 11,684 |
| overdraft | |||||||||||||||
| change in cash | 167,785 | 4,831 | -40,562 | 168,866 | 4,949 | -97,611 | 17,938 | 15,978 | -8,361 | 25,063 | 28,893 | 31,181 | -56,203 | 49,711 | 11,684 |
rapid vehicle management limited Credit Report and Business Information
Rapid Vehicle Management Limited Competitor Analysis
Perform a competitor analysis for rapid vehicle management limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in L37 area or any other competitors across 12 key performance metrics.
rapid vehicle management limited Ownership
RAPID VEHICLE MANAGEMENT LIMITED group structure
Rapid Vehicle Management Limited has 1 subsidiary company.
Ultimate parent company
QUARTZ HOLDINGS LTD
#0080718
PINE HILL HOLDINGS LTD
#0081820
2 parents
RAPID VEHICLE MANAGEMENT LIMITED
05714220
1 subsidiary
rapid vehicle management limited directors
Rapid Vehicle Management Limited currently has 1 director, Mr William Cook serving since Feb 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Cook | England | 38 years | Feb 2015 | - | Director |
P&L
December 2023turnover
2.6m
+148%
operating profit
-968.6k
+42%
gross margin
28.6%
-514.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-3.4m
+0.78%
total assets
8.8m
+1.86%
cash
324.1k
+1.07%
net assets
Total assets minus all liabilities
rapid vehicle management limited company details
company number
05714220
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
prospect car hire limited (July 2008)
accountant
-
auditor
GRANT THORNTON UK LLP
address
98 liverpool road, formby, liverpool, L37 6BS
Bank
BARCLAYS BANK PLC
Legal Advisor
-
rapid vehicle management limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 1 charges/mortgages relating to rapid vehicle management limited. Currently there are 1 open charges and 0 have been satisfied in the past.
rapid vehicle management limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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rapid vehicle management limited Companies House Filings - See Documents
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